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Stock impact report

Here's Why RPC, Inc. Stock Is Plunging Today [The Motley Fool]

RPC, Inc. (RES) 
Last rpc, inc. earnings: 1/29 06:45 am Check Earnings Report
US:NYSE Investor Relations: rpc.net/web/profile.html
Company Research Source: The Motley Fool
The oil and gas services company's fourth-quarter results missed analysts' expectations. Matthew DiLallo ( TMFmd19 ) Jan 24, 2018 at 11:48AM What happened Shares of RPC, Inc. ( NYSE:RES ) slumped on Wednesday, down 10% as of 10:45 a.m. EST, after the oil and gas services specialist reported fourth-quarter results. So what RPC posted $427.3 million in revenue during the fourth quarter, which was a jaw-dropping 93.4% above the year-ago quarter. Driving that improvement was a significant uptick in oil market conditions, which resulted in higher activity levels and improved pricing for the company's services. That market rebound also helped drive earnings into the black, with RPC reporting $38.4 million ($0.18 per share) in adjusted net income for the quarter, more than reversing the year-ago loss of $21.1 million ($0.10 per share). Image so Show less Read more
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